Spark New Zealand : H2 FY25 Results Presentation

About this update from Spark New Zealand Limited

Spark New Zealand FY25 Results Summary Jolie Hodson, Chief Executive Officer Stewart Taylor, Chief Financial Officer 20 August 2025 FY25 results summary FY25 result within updated guidance Stabilising our performance FY25 Guidance FY25 Outcome Adjusted $1,040m-$1,100m $1,060m EBITDAI Capex ~$415m - $435m $429m Dividend 25.0 cps 25.0 cps Significant transformation on track Resetting our business and cost base for a stronger future Market momentum in core business Simplified portfolio Transformed cost base Realising value from data centre business Strategy and capital management reset Setting a path for sustainable value creation New five-year strategy focuses Spark on core business of connectivity Revised Capital Management Framework to deliver sustainable dividend paid out of free cash flow FY25 financial snapshot Adjusted revenue (1)(3) $3,700 million 4.2% decrease vs. FY24 Reported revenue (2) $3,725 million 2.5% decrease vs. FY24 Adjusted EBITDAI(3) (4) $1,060 million 8.9% decrease vs. FY24 Reported EBITDAI (2) (4) $1,053 million 7.7% decrease vs. FY24 Adjusted NPAT (3) $227 million 33.6% decrease vs. FY24 Reported NPAT $260 million 17.7% decrease vs. FY24 Capex (4) $429 million 17.2% decrease vs. FY24 Free cash flow (4) $330 million Flat vs. FY24 FY25 final dividend Final dividend of 12.5cps, taking total FY25 dividend to 25.0 cps Overall return on invested capital ROIC (5) of 8.7% (1) Operating revenues and other gains (2) Reported revenue and EBITDAI exclude the results of the data centre business which has been classified as a discontinuing operation in the Financial Statements (see Appendix for further detail). (3) Adjusted revenue and EBITDAI include the data centre business and exclude the Connexa transaction gain on sale ($71m) and transformation costs ($53m) associated with the cost out programme. In addition, FY24 NPAT has been adjusted to include the data centre business results and exclude the $26 million impact of the government change to tax depreciation rules. See Appendix 1 for further details. (4) Earnings before finance income and expense, income tax, depreciation, amortisation and net investment income (EBITDAI) and capital expenditure (CAPEX) are non-Generally Accepted Accounting Principles (non-GAAP) performance measures that are defined in note 2.5 of Spark's Annual Report. Free cash flow is also a non-GAAP measure and is defined ...

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